Atul Auto posts 12% increase in first quarter net profit

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Mr. Niraj Chandra -Director - Atul Auto Ltd.

Atul Auto Ltd India’s one of the leading 3 wheeler manufacturing company announced Financial result for the first quarter of 2013 as they have seen tremendous growth in overall sales & net profit. Atul Auto has reported Net Sales /income from operations of Rs. 85.70 crores for quarter ended June 2013 against 77.27 crores for the quarter ended June 30 2012.

The Net Profit for 1st quarter is 4.32 crores which is 12% , increased compared to the 3.87 crores in the corresponding quarter 2012-13. Atul Auto reported total sales 7568 units compared to 6840 units in the previous year which is increased 11 %for first quarter.

Commenting on this report Mr. Niraj Chandra, Director –Atul Auto Ltd. said, “Despite the fact that Automotive industry is facing one of the toughest phase in a decade, Atul Auto has sustained its growth pattern due to ongoing expansion in production capacity and overwhelming response for our new modules which we launched recently. Three wheelers market is very buoyant in India for us, and we are exploring our strengths to expand our dealership network across India. “

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